-Livemint.com A fiscal stimulus that comes from the poorest states of the country will enable them to raise capex spending, boost growth and catch up with the others On many Development parameters, India appears to be almost like a continent, with different states at vastly different stages of Development. Underlying such stark differences are differences in the levels of per capita incomes, and such differences have risen sharply over the past...

-Business Standard Finance ministry has called a meeting with chief executives of ten public sector banks, on Friday The National Democratic Alliance (NDA) government has readied its mega plan for merging multiple set of public sector banks (PSB) and is set to make an announcement anytime soon, according to multiple sources. The department of financial services in the finance ministry has called a meeting with chief executives of ten public sector banks, which...

-The Hindu The agenda to set up a Development bank is a welcome initiative, but questions remain on its design Finance Minister Nirmala Sitharaman’s press conference on August 23, announcing a slew of measures to boost the economy and financial market sentiments, had an interesting idea. It was about setting up a Development bank. Ms. Sitharaman said: “In order to improve access to long-term finance, it is proposed to establish an organisation to...

-Hindustan Times The nature-Development equilibrium is broken, leading to climate disasters. At least 100 people have died in floods in three states in peninsular India — Kerala, Karnataka, and Maharashtra — in August due to monsoon floods. There are several reasons, as reported in a series of articles in Hindustan Times, for the havoc and deaths, such as changes in land-use patterns, excessive quarrying and unscientific plantations (Kerala), poor management of dams...

-The Hindu Meghalaya, Jharkhand and Madhya Pradesh feature at the bottom, says NGO Kerala, Tamil Nadu, Himachal Pradesh and Puducherry topped the charts in the child well-being index, a tool designed to measure and tracks children’s well-being comprehensively. Meghalaya, Jharkhand and Madhya Pradesh featured at the bottom, as per a report released by the non government organisation World Vision India and research institute IFMR LEAD on Tuesday. The report is an attempt...